Capital Power (TSE:CPX – Get Free Report) had its price objective dropped by equities research analysts at Royal Bank of Canada from C$41.00 to C$39.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 9.46% from the stock’s previous close.
Several other brokerages also recently commented on CPX. Desjardins lowered their price objective on Capital Power from C$51.00 to C$49.00 and set a “buy” rating on the stock in a research report on Tuesday. Raymond James dropped their price target on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. ATB Capital dropped their price target on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 17th. National Bankshares dropped their price target on Capital Power from C$48.00 to C$45.00 in a research note on Wednesday, January 17th. Finally, Scotiabank decreased their price objective on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 17th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$44.45.
Read Our Latest Report on Capital Power
Capital Power Stock Up 0.3 %
Capital Power (TSE:CPX – Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.02. The company had revenue of C$984.00 million during the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. Research analysts anticipate that Capital Power will post 3.1532468 earnings per share for the current year.
Insider Buying and Selling at Capital Power
In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total transaction of C$204,296.98. 0.17% of the stock is owned by corporate insiders.
Capital Power Company Profile
Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.
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